- EOG Resources reported an adjusted EPS of $2.32 for the second quarter, beating the estimate of $2.24, although it was lower than last year’s $3.16.
- The company generated revenue of $5.48 billion, down 9.1% year-over-year, but exceeding the estimated $5.24 billion.
- Cash flow from operations was $2.03 billion, representing a 30% decrease compared to the previous year and falling short of the estimate of $2.47 billion.
- Crude oil and condensate sales volumes stood at 504.2 thousand barrels per day, marking a 2.8% increase year-over-year.
- The US average price for natural gas liquids (NGLs) was $22.70 per barrel, a small decline of 1.8% compared to last year. This was slightly above the estimate of $21.99.
- The average US crude oil and condensate price per barrel was $64.84, down 22% from the previous year and marginally below the estimated $64.98.
- Total capital expenditures for 2025 are expected to be between $6.2 and $6.4 billion, with a projected full-year average oil production of 521 thousand barrels per day and total production of 1,224 thousand barrels of oil equivalent per day.
- Market sentiment remains moderately positive with 21 buy ratings, 17 hold ratings, and no sell ratings.
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Eog Resources on Smartkarma
According to Baptista Research on Smartkarma, EOG Resources has caught the attention of analysts with its recent strategic moves. The $5.6 billion acquisition of Encino Acquisition Partners marks a significant shift in EOG’s portfolio, expanding its Utica footprint and increasing undeveloped resources. This move positions the Utica as a foundational play alongside its existing assets in the Delaware Basin and Eagle Ford, showing promising growth potential for shareholders.
Furthermore, EOG Resources’ performance in the first quarter of 2025 has impressed analysts, showcasing operational efficiency and capital management. With adjusted net income of $1.6 billion and significant free cash flow returned to shareholders, EOG has proven to be a shareholder-friendly entity focused on value creation. The company’s consistent returns and strategic decisions have reinforced its position as a strong player in the volatile oil and gas industry, garnering positive sentiment from analysts on Smartkarma.
A look at Eog Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, EOG Resources has a positive long-term outlook. With solid scores in Dividends, Growth, Resilience, and Momentum, the company appears to be in a strong position for the future. The company explores, develops, produces, and markets natural gas and crude oil in various regions including major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, and China. This diversified operational presence contributes to its overall positive outlook.
EOG Resources’ above-average scores in Dividend, Growth, Resilience, and Momentum indicate a promising future for investors. The company’s ability to generate value and maintain a stable dividend, coupled with its growth prospects and resilience in challenging market conditions, make it an attractive investment opportunity. With a significant presence in key energy-producing regions, EOG Resources is well-positioned to capitalize on future opportunities and navigate market fluctuations effectively.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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